AITC publishes corporate governance code

The AITC has published a code of corporate governance and proposes trusts adhere to it as a condition of association membership. The code, based on research into members' attitudes towards corporate governance, includes guidelines on independence of directors and communication with shareholders, two key concerns raised by the Treasury Committee investigation into split capital trusts. The association said it developed the code to address issues particular to investment trusts and closed-end investment companies that are not specifically covered by the Combined Code and the Higgs Review ...